HL Financial Services LLC purchased a new position in shares of Zayo Group Holdings Inc (NYSE:ZAYO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,620 shares of the technology company’s stock, valued at approximately $245,000.
Other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in Zayo Group during the fourth quarter worth about $29,000. Truvestments Capital LLC acquired a new position in Zayo Group during the first quarter worth about $53,000. Ffcm LLC grew its position in Zayo Group by 104.3% during the fourth quarter. Ffcm LLC now owns 2,832 shares of the technology company’s stock worth $65,000 after buying an additional 1,446 shares during the period. Strs Ohio grew its position in Zayo Group by 28.0% during the first quarter. Strs Ohio now owns 2,763 shares of the technology company’s stock worth $78,000 after buying an additional 604 shares during the period. Finally, Quadrant Capital Group LLC grew its position in Zayo Group by 1,618.3% during the first quarter. Quadrant Capital Group LLC now owns 3,282 shares of the technology company’s stock worth $90,000 after buying an additional 3,091 shares during the period. Institutional investors and hedge funds own 95.51% of the company’s stock.
Shares of NYSE ZAYO opened at $32.85 on Wednesday. Zayo Group Holdings Inc has a 12-month low of $20.27 and a 12-month high of $39.66. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 53.85, a price-to-earnings-growth ratio of 11.62 and a beta of 0.93. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 5.13.
ZAYO has been the topic of several recent analyst reports. ValuEngine lowered shares of Zayo Group from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Zacks Investment Research lowered shares of Zayo Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 16th. Craig Hallum initiated coverage on shares of Zayo Group in a research report on Wednesday, January 23rd. They set a “buy” rating and a $45.00 target price on the stock. Deutsche Bank upped their target price on shares of Zayo Group from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, February 11th. Finally, Moffett Nathanson lowered shares of Zayo Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 8th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $35.62.
In other Zayo Group news, COO John F. Jr. Waters sold 6,296 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $28.04, for a total value of $176,539.84. Following the sale, the chief operating officer now owns 102,241 shares of the company’s stock, valued at $2,866,837.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sandra Mays sold 2,745 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $28.04, for a total transaction of $76,969.80. Following the completion of the sale, the insider now directly owns 47,395 shares in the company, valued at approximately $1,328,955.80. The disclosure for this sale can be found here. 4.50% of the stock is owned by corporate insiders.
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About Zayo Group
Zayo Group Holdings, Inc, through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in six segments: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation (zColo), Allstream, and Other.
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